NEIRO plummets 16%, is it a buying opportunity or a bottomless pit?
NEIRO today dropped by as much as 16.65%, currently priced at $0.00086778, with market sentiment leaning bearish, intensifying the long-short battle.
Technical indicators interpretation:
• Support level: $0.00086550, if broken may test $0.00084000;
• Resistance level: initial rebound target looks towards $0.00096000;
• RSI: extremely oversold, 6-period RSI is only 7.28, bulls may be brewing a counterattack;
• MACD: bearish momentum still dominates, short-term rebound needs to pay attention to volume changes.
Short-term trading strategy:
• Aggressive: set long positions around $0.00087000, stop loss at $0.00086000, target at $0.00096000;
• Conservative: wait for price stabilization before following up, avoid chasing highs or blindly catching falling knives.
What do you think about NEIRO's future trend? Is it an excellent buying opportunity or a signal for further dips? Come to the comments section to share your insights and discuss market opportunities together!